market forecast for 6 sep 2013
Nifty future forecast for 3 sep 2013
nifty sep expiry future last closed at 5601 with gains of 143 points.today nifty future opened at 5551 made low at 5545 and intraday high was 5640 and closed near it.in intraday almost 100 points rally and near trend change!!
on future side,4% drop is seen in open interest on account of sharp short covering.while on option side 5400 put option traded with high volume and closed with loss as writers busy there.while on call side high volume seen at 5700.in last session 5600 call option was high volume means bears now taking step back here.5700 call option closed with heavy gains today.
for tomorrow,nifty future above 5600 support level remain buy for intraday target of 5655-5720.on downside 5500-5600 is consolidation zone.
Banknifty future forecast for 3 sep 2013
banknifty sep expiry future last closed at 9722 with gains of 823 points.in intraday banknifty future opened at 9225 which is todays low point also and in intraday we seen high near 9750.total 525 points intraday rally and closed near high.
on futures side,almost 4% drop in open interest indicate bears cut there positions here hence sharp was big and sharp.on option side,9000 put option traded with high volume and closed in red.while 10k call option seen high volume action and closed with gains.
for tomorrow,above 9580 support intraday traders can keep long view for target 10k-10200 on upside.below that may show some correction and consolidation move.
Intraday Stocks forecast for 3 sep 2013
for tomorrow my pick will be ACC Limited share.today ACC share closed at 940 with 1% gains.in intraday made low near 930 while high was near 960.here value buying seen on lower levels so buy near 925-930 zone with stoploss below 910 and expect target of 960-980 in intraday.in short term view above 900 keep long view for target 1080-1100.